Sunday, February 18, 2018

Floirendo wealthiest solon from Mindanao with almost half billion net worth

Davao del Norte Rep. Antonio Floirendo, Jr. (2nd district) declared a net worth of at almost half a billion in 2016, making him the is the richest congressman from Mindanao.

Based on his 2016 Statement of Assets, Liabilities and Net worth (SALN) released by the House of Representatives, Floirendo has a P504.91 million total assets and P13.20 million total liabilities, yielding a total net worth of P491.71 million.

Floirendo is one of the scions of a wealthy clan in Mindanao, who owns the biggest and largest banana plantation in the Philippines.

Overall, he’s the 9th richest member of the House of Representatives.

Ironically, the second richest congressman from Mindanao came from one of the poorest provinces in the country – Maguindanao.

Rep. Zajid Mangudadatu from the second district of Maguindanao declared assets totaled to P269.20 million, with liabilities of P37.89 million for a total net worth of P231.31 million.

Mangudadatu ranked 18th overall.

Third richest Mindanaoan representative was Misamis Oriental Rep. Peter Unabia with a net worth of P155.79 million (P220,64 million total assets and P64.85 million total liabilities). Unabia ranked 26th overall.

Occupying the fourth spot was House Speaker Pantaleon D. Alvarez from the first district of Davao del Norte with P86.50 million total net worth. He declared a total assets of P91,812 million and liabilities of P5.31 million.

The House Speaker ranked 50th overall.

Fifth richest Mindanaoan solon was Zamboanga Rep. Celso Lobregat with a total net worth of P85.88 million (P94.99 million total assets and P9.11 total liabilities).

Unabia ranked 51st overall.

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